Bitcoin and my "problem" with selling at 40k
I'm bearish Bitcoin and the crypto market and, to be honest, I don't expect a new ATH this year.
However, the more I look at the chart the more my confidence in selling at 40k decreases
And I have 2 issues with selling the 40k scenario:
1. Bitcoin has dropped more than 50% from top to bottom contained in a channel. And as I have a " problem" with rising channels, and expect a reversal, the same I have with descending channels
2. And more important, all speculators want to sell that resistance and a stop hunting above 40-41k becomes very probable
So, if the price goes there, I expect continuation to at least 45-46k, not a reversal.
Time will tell, but if Btc goes above 40k I will become bullish for the above reasons.
Good luck!
Mihai Iacob
However, the more I look at the chart the more my confidence in selling at 40k decreases
And I have 2 issues with selling the 40k scenario:
1. Bitcoin has dropped more than 50% from top to bottom contained in a channel. And as I have a " problem" with rising channels, and expect a reversal, the same I have with descending channels
2. And more important, all speculators want to sell that resistance and a stop hunting above 40-41k becomes very probable
So, if the price goes there, I expect continuation to at least 45-46k, not a reversal.
Time will tell, but if Btc goes above 40k I will become bullish for the above reasons.
Good luck!
Mihai Iacob
Christmas & New Year Offer: 40% Discount- More Details: t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.